Building a new home is one of the biggest commitments you’ll ever make. That’s why it helps to know exactly what protections are in place should something unexpected happen along the way.
In New Zealand, one of the strongest and most trusted options is the Master Build 10-Year Guarantee – a safeguard that gives you confidence from the day you start your build.
What is the Master Build 10-Year Guarantee?
The Master Build 10-Year Guarantee is independent, third-party protection provided exclusively through Registered Master Builders. It is designed to provide coverage if a builder is unable to complete the project or if defects are discovered after construction.
This guarantee is different from standard home insurance, as it focuses specifically on the building process and workmanship.
Key Coverage Areas
- Loss of Deposit: Covers up to $50,000 or 10% of the building contract if the builder cannot start the project.
- Non-Completion: Covers up to $500,000 or 20% of the contract if the builder cannot finish the build.
- Materials & Workmanship: Covers defects in building work for at least 2 years after completion.
- Structural Defects: Covers structural issues, including rot and fungal decay, for up to ten years.
- Temporary Accommodation: May help cover short-term living costs if major repair work is required.
For full details, refer to the Master Builders 10-Year Guarantee.
Why the guarantee matters
The guarantee provides added confidence in the building process. It helps ensure that issues such as incomplete work or structural defects can be addressed and you’re not left to face it alone. It gives you:
- Security Independent protection if the builder cannot complete the work.
- Protection Coverage for both workmanship and structural issues.
- Flexibility Transferable coverage if the home is sold, potentially adding value for future owners (note: a fee may apply to transfer the guarantee).
It’s reassurance that your investment – and your home – are well looked after.
Choosing a builder with the guarantee
The 10-Year Master Build Guarantee is available only through Master Builders members, who must meet specific quality and competency standards. When comparing builders, take a moment to check:
- Are they a Registered Master Builder?
- What’s included in their guarantee, and are there exclusions?
- Do they have a proven track record for quality and reliability?
Why it matters who you build with
At Mike Greer Homes, we’ve been helping Kiwis into homes for more than 30 years. As proud Master Builders members, every home we deliver comes with the 10-Year Guarantee.
For us, it’s not just about ticking a box. It’s about giving you confidence in your build, knowing that both your home and your investment are protected.
Because when you build with us, you’re not just getting a home – you’re getting a team that stands by its work, every time.
For more information, visit the Master Builders 10-Year Guarantee.
Disclaimer
By viewing and/or downloading this document, you agree to the Mike Greer Homes New Zealand Limited (“MGH”) full Terms of Services which can be found on our website. Please ensure that you have reviewed those terms fully and carefully. This document is deemed to be MGH Content in accordance with our full Terms of Service.
The information and content contained in this document does not constitute and should not be viewed as legal, tax, investment, financial, real estate or other advice. You should seek independent advice as appropriate.
